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Benzinga Alibaba's Logistics Arm Cainiao Files For Hong Kong IPO Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Wednesday as the company's logistics arm Cainiao Smart Logistics Network Ltd filed for its Hong Kong initial public offering on Tuesday. The first-time share sale could fetch a minimum of $1 billion. Alibaba co-founded Cainiao in 2013 as the delivery backbone for its Chinese online marketplaces. Qualcomm Gears Up for Innovation, Snapdragon 8 Gen 3 Set to Rival Apple
Source: yahoo.com
